GTN Textiles Ltd. reported unaudited standalone earnings results for third quarter and nine months ended December 31, 2014. For the quarter, the company's net sales/income from operations was INR 544.6 million compared to INR 697.4 million a year ago. Profit before interest, depreciation, other income, exceptional items and tax were INR 31.8 million compared to INR 63.5 million a year ago. Loss from ordinary activities before tax was INR 11.3 million compared to profit from ordinary activities before tax of INR 17.3 million a year ago. Net loss for the period was INR 11.2 million or INR 0.96 per basic and diluted share compared to net profit for the period was INR 9.7 million or INR 0.83 per basic and diluted share for the same period a year ago.

For the nine months, the company's net sales/income from operations was INR 1,340.4 million compared to INR 2,177.9 million a year ago. Profit before interest, depreciation, other income, exceptional items and tax were INR 109.3 million compared to INR 171.3 million a year ago. Loss from ordinary activities before tax was INR 8.8 million compared to profit from ordinary activities before tax of INR 23.3 million a year ago. Net loss for the period was INR 8.8 million or INR 0.75 per basic and diluted share compared to net profit for the period of INR 12.6 million or INR 1.08 per basic and diluted share for the same period a year ago.